Nvidia announced that they had a successful 1st quarter in terms of sales, in part due to the fact that cryptocurrency-related sales boosted their revenues by 10%. Despite the good news, Nvidia expects that the sales generated by cryptocurrency enthusiasts will decrease by over ⅔ over the 2nd quarter, which ends in 2 months. Nvidia’s Growing Business: Did Crypto Sales Help? Nvidia’s Thursday release of their Q1 financial reports has shown that their revenues have gone up from $1.9 billion in Q1 of last year to a staggering $3.2 billion…
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Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers
ASIC miners are hugely profitable machines – provided you’re the manufacturer. That’s the view of Siacoin lead developer David Vorick, who’s published his thoughts on the monopoly enjoyed by manufacturers such as Bitmain and Halong Mining. In “The State of Cryptocurrency Mining”, Vorick also accuses manufacturers of using the machines themselves, before passing them on to the public once they’re no longer profitable. Also read: Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success The Absolute State of Cryptocurrency Mining Siacoin’s David Vorick knows more than most when it comes…
Read MoreOnly 8.5% of Bitcoin and Cryptocurrency Traders Are Female
A new demographic analysis of people trading in cryptocurrencies has brought up some intriguing results such as that only very few are female, most have little to no previous experience, and many are students or working in sales and marketing roles. Also Read: Israel Tax Authority Hunts for Bitcoin Traders on Social Media Understanding Trading Demographics Market analysts for the social investing network and multi-asset brokerage, Etoro, have conducted a research of their vast user base to help the company better understand exactly who are bitcoin and cryptocurrency investors. Looking…
Read MoreAssassination Attempt Foiled: Greek Law Enforcement Thwart Plot to Kill Suspected Cryptocurrency Criminal, Alexander Vinnik
Law enforcement officials in Greece have reportedly prevented an assassination attempt on Alexander Vinnik. The Russian National, Vinnik was arrested while holidaying in Greece in 2017 on charges of crypto fraud and money laundering. Both the United States and Russia have laid claims against the suspected hacker. Details of the Assassination Attempt According to media reports, law enforcement agencies in the country received credible intelligence of a plot to eliminate Vinnik via poisoning. In response, the prison head and the chief prosecutor of Thessaloniki informed the Russian hacker of the…
Read More100+ Crypto Exchanges in South Korea – Government’s Real-Name System Ineffective
There are reportedly more than 100 exchanges in South Korea, most of which are not using the government’s real-name system. None of the small and medium-sized exchanges can use this system since banks have opted to only provide this service to the country’s largest exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 30% Conversion Rate It has been over 100 days since the government’s real-name system was implemented at the end of January. However, most crypto transactions are still not made through this system. All small and medium-sized…
Read MoreRipple Announces Positive First Pilot Results for xRapid
Ripple, a real-time gross settlement system, currency exchange, and remittance network, has announced the results of its first pilot for xRapid — the company’s business solution for payment providers and financial institutions looking to expand their reaches into new markets with increased scale, speed, and cost efficiency. Promising Results In its push to modernize financial services infrastructure via high-powered blockchain-powered solutions, improve the speed and cost of cross-border payments, lower barriers to financial inclusion, and pump trillions into the global economy, Ripple has announced the results of its in-house xRapid…
Read MoreRemembering Satoshi’s Vision — As it Was Written
On October 31, 2008, Satoshi Nakamoto had a vision to share with the world — a protocol he called “bitcoin, a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” Since that time a whole lot has changed, and there is a vast cryptocurrency landscape with over 1,500 virtual currencies listed on data feed websites. It’s been a very long time since Satoshi left the community and his vision, the white paper, and even the protocol’s proof-of-work has been questioned multiple times over the years. Also read: Privacy-Centric Coin…
Read MoreChina Plays Jekyll & Hyde, After Ban It Will Publish Monthly Crypto Report
China’s government is well known as a crypto hater, and its banishments and pronouncements are the stuff of wild market swings. That doesn’t mean, however, they’re not keeping close eye on decentralized currencies. In fact, according to recent press releases, Chinese authorities are set to publish regular monthly analysis of over two dozen crypto assets, its Global Public Chain Assessment Index. Also read: Bitcoin’s Anonymous $55 Million Pineapple Fund Gives Final Donation China Set to Provide Monthly Cryptocurrency Report “This independent analysis of cryptocurrencies and global public blockchain technology demonstrates…
Read MoreTim Draper: Bitcoin is ‘The Most Secure Place to Put Your Money’
Tim Draper, an American venture capital investor and founder of the firm now known as Draper Fisher Jurvetson (DJF), took the time to wax thoroughly poetic on Bitcoin on Thursday — telling the hosts of CNBC‘s “Closing Bell” that the world’s most popular cryptocurrency is “the best place to put your money.” ‘It is a Far Better Currency Than the Fiat Currency’ In case you didn’t know, Tim Draper loves Bitcoin. Like, he really loves Bitcoin — so much so that he took the opportunity to once again share that love…
Read MoreLocalbitcoins Updates ToS: ‘Some Situations May Require ID’
Just recently news.Bitcoin.com reported on traders who exchanged “significant” trade volume using the peer-to-peer platform, Localbitcoins, by receiving warnings to upload their identity before they could proceed trading. Now the Localbitcoins organization has updated its terms of service agreement which comes with a few new guidelines concerning ID verification and data retention. Also read: Markets Update: Cryptocurrencies Lose Steam During the Weekend Localbitcoins Updates its ToS, Highlighting ID Verification and the Organization’s Privacy Policy Localbitcoins the peer-to-peer exchange founded in June 2012 in Helsinki, Finland has been a very popular trading platform…
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